Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$207,813$207,813$278,999
Remaining term (yrs)29.529.530.0
Secondary amount$0$71,186$0
Funding fee$0$0$0
Note rate6.460%6.460%7.320%
Blended rate7.010%7.518%7.560%
1st payment$1,312.88$1,312.88$1,916.53
2nd payment$0.00$533.90$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$150.00$150.00$150.00
MI / mo$95.60$95.60$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,747.31$2,281.21$2,311.16
Cash to close$102,186$31,000$31,000